The U.S. Economy – what caught my eye this week: Initial unemployment claims still high, the distribution of household income, and the IME forecast for the U.S. Economy

The IMF World Economic Outlook (their forecasts for the United States are quite similar to my own recent forecasts. You can find them here):

https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020

Almost 900’000 new claims for unemployment benefits in the United States (still, a very high number):

The Real-Time Population Survey (RPS) (not an official measure for unemployment or employment levels) indicates that the unemployment rate in the United States increased in September and was at 12.7 percent:

https://sites.google.com/view/covid-rps

Minutes of the Federal Open Market Committee (September 15-16, 2020):

https://www.federalreserve.gov/newsevents/pressreleases/monetary20201007a.htm

“The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival” (by C.A.E. Goodhart and Manoj Pradhan):

https://www.suerf.org/policynotes/17385/the-great-demographic-reversal-ageing-societies-waning-inequality-and-an-inflation-revival?

United States: The Distribution of Household Income, 2017 (by the Congressional Budget Office)

https://www.cbo.gov/publication/56575

Processing…
Success! You're on the list.

Some of my blog posts and economic forecasts are first reserved to my paying subscribers. After two weeks, all articles are publicly available. If you would like to get instantaneous, you can subscribe for 5 US dollars per month (or the equivalent amount in your currency). You can unsubscribe at any time:

Email: info@eagle-economist.com

%d bloggers like this: